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Feb 07, 2017· The gold to silver and platinum to gold price ratios determine the relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).In a previous musing, I documented the history of gold and silver prices and goldsilver ratios from the United States'' abandonment of the gold standard in August 1971 to present ...
Oct 12, 2016· David works with the Bench Mark Foundation which monitors and advocates the effect of the mining industries in Southern Africa. Here he talks about the role of Platinum mining .
Sep 04, 2013· While gold and platinum are almost equally as rare, the amount of platinum mined through history is only a fraction. While gold and platinum are almost equally as rare, the amount of platinum mined through history is only a fraction. ... Mining The Platinum Series: The History of Platinum. Published. 7 years ago. on. September 4, 2013. By. Jeff ...
This claim gets corroborated by the US Geological Survey whereby a slight majority of all the platinum group metal mining supplies from 1900 to 2011 where palladium, with a small minority of platinum (, theirs is a 14,200 metric tonne claim through 2011, again about 40% of that being platinum).
Global platinum production has been dominated by the top 10 largest platinum mining companies in the world for last several decades. Although the demand and consumption of platinum remain high all over the world, the production of platinum is highly concentrated, with the top five largest platinum mining companies representing over 70% of the world''s total platinum output.
Platinum arsenide, sperrylite (PtAs 2), is a major source of platinum associated with nickel ores in the Sudbury Basin deposit in Ontario, Canada. At Platinum, Alaska, about 17,000 kg (550,000 ozt) was mined between 1927 and 1975. The mine ceased operations in 1990.
Learn all about platinum as a precious metal, and the centuries long processes of mining and refining that have made it so integral to many parts of the world. Enjoy a detailed discussion on the history of platinum mining and refining, including facts, figures, pictures and charts to help explain.
PalladiumPlatinum Series. Note that true native platinum in the mineralogical species sense is a rather rare mineral, and most of the specimens so labelled are in fact isoferroplatinum or intimate mixtures of isoferroplatinum and tetraferroplatinum.
Palladium
Even though mining has lost some of its shine, it is still an important employer. The size of the mining workforce in 2015 was estimated at 490 146 individuals, according to Stats SA''s recent census of mining report 3. The PGM (platinum group metals) industry has the largest workforce, followed by gold and coal.
Jan 23, 2002· Platinum''s unique fundamentals offer investors both: The ability to hedge against uncertainty and the potential for profit. Platinum''s supply/demand fundamentals are tight. In fact, according to some estimates, were platinum mining to cease today, above ground reserves would last .
HISTORY OF PGM MINING. Platinum group metals ("PGMs") are rare precious metals, which frequently occur together in nature as constituents of various ores and minerals. PGMs are a family of six metals: platinum, palladium, rhodium, iridium, ruthenium, and osmium, all of which have similar chemical and physical properties and are grouped ...
In 2014, platinum industry workers went on a strike that lasted five months. It was the longest strike in the history of South African mining. In 2019, a high court in Johannesburg approved the historic compensation deal for the miners who contracted the fatal silicosis disease when they .
However, according to South African History Online, these were minor reefs and credit for the discovery of the main reef on Langlaagte Farm went to Australian George Harrison in July 1886. Johannesburg''s large gold deposits that ran for miles underground ensured the little mining .
About Anglo American History. We have launched YourVoice, a service which provides you with a confidential and secure way to tell us about your concerns.
Nov 20, 2019· Vale SA is the world''s secondlargest mining company, the leading producer of iron ore and pellets and the world''s secondbiggest nickel producer. It also produces 134,000 ounces of platinum annually. As many nickel ores also contain PGMs, Vale is able to extract platinum as a byproduct of its nickelrefining process.
Platinum was mined in Russia as far back as the early 19th century. Today, it remains one of the hot spots for Platinum mining. Russia has the longest history of Platinum mining, with Platinum deposits discovered in the Ural Mountains in 1823.
May 20, 2019· History of mining in South Africa: Early industrial developments. ... Following the World Wars, South African mining continued to expand, with a number of new uses for minerals and mining products, such as the use of platinum in the petroleum industry to improve the octane rating of fuel. The construction of power stations on the coal fields of ...
Platinum was mined in Russia as far back as the early 19th century. Today, it remains one of the hot spots for Platinum mining. Russia has the longest history of Platinum mining, with Platinum deposits discovered in the Ural Mountains in 1823.
Platinum mining in South Africa, or mining for Platinum Group Metals (PGM), is widespread on the African continent, and South Africa holds over 80% of the world''s reserves. For investors interested in the PGM sector in Africa, South Africa seems to be the logical starting point.
Later it was referenced in European writings in the early 16th century. Credit for the modern rediscovery of platinum is given to Antonio de Ulloa. HISTORY : Platinum wasn''t observed by western scientists until 1735. Platinum, in the form of the mineral sperrylite (PtAs2), is obtained as a byproduct of the nickel mining operation.
Sep 05, 2013· The history of platinum Editor | September 5, 2013 | 8:05 pm Base Metals Precious Metals Gold Platinum Silver Although it''s almost as rare as gold, platinum .
Large amounts of energy are required for mining and that''s exactly what coal provides. Last but not least: Platinum. Today, South Africa is known as the world''s largest platinum producer. Discovered in 1924, platinum only really came to the fore when gold mining started to decline from about 1970.
Aug 01, 2017· High cost of platinum and other platinum group metals can be explained by their high practical value and the costly and complicated production process. Platinum, iridium and palladium can be found ...
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